VP - Operational Risk Management (TDS)

Work Location:

New York, New York, United States of America

Hours:

40

Line of Business:

Risk Management

Pay Detail:

$115,000 - $175,000 USD

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs. 

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Job Description:

Position Title: TD Securities Operational Risk Management (Level 10) – Vice President

Business Unit: Risk Management

Region: US

Location: 1 Vanderbilt

Team Overview

Operational Risk Management (ORM) works as an independent team, in partnership with the businesses and corporate functions of TD Bank Group, to further the understanding and management of operational risk across the Enterprise.

TD Securities ORM is part of the 2nd line and provides independent operational risk management oversight of TD Securities. We partner with the 1st line of defense in identifying, reporting, and mitigating operational risk issues and are the subject matter experts on the operational risk framework and business risks/processes/controls. The group executes 2A accountabilities in support of the three lines of defense framework with a mandate to enable business growth, within risk appetite through a culture of effective challenge and continuous improvement.

Position Overview

This role provides independent Second Line oversight and credible challenge across operational risk management activities within TD Securities, with a focus on complex, high-impact business, governance, and change initiatives.

The role requires strong collaboration across business lines and control functions, with accountability for identifying emerging risks, challenging risk assessments, and supporting robust governance outcomes.

This position will appeal to a motivated individual who is comfortable working in an evolving environment, has excellent relationship management, analytical and communication skills, is prepared to identify and take on new challenges, can deliver a high level of quality, and can work well with the broader team, within Risk and outside of Risk.

Accountabilities Include

• Provide independent Second Line oversight and effective challenge of First Line risk activities, including risk assessments, control effectiveness, and remediation plans; identify and escalate material risks, control gaps, and governance weaknesses.

• Lead oversight and continuous enhancement of key ORM programs, including Issues Management, Operational Resiliency, and Change Risk Assessments (CRA), ensuring alignment to the ORM Framework and regulatory expectations

• Provide effective oversight and credible challenge on strategic initiatives, new business activity, and significant change programs, and influence governance outcomes through clear, risk-informed insights and escalation where appropriate.

• Build strong partnerships across business and control functions; deliver clear, credible risk guidance, promote ORM frameworks and risk appetite, and support a strong risk culture

Skills & Requirements

• 5+ years of experience in Operational Risk Management, risk governance, audit, or related disciplines

• Strong understanding of operational risk frameworks, including risk identification, assessment, and issue management

• Knowledge of banking or capital markets environment preferred

• Strong executive communication and relationship management skills, with the ability to influence senior stakeholders and provide effective challenge across a matrixed environment.

• Intermediate knowledge of, or exposure to, Copilot and Generative AI tools, with the ability to leverage them to enhance productivity, support analysis, and identify associated operational risk, governance, and control considerations.

_________________________________________________

The VP Risk TDS responsibility is to bring transparency to the market risks in TDS. This is achieved via taking a leadership role in the accurate, objective assessment of all key market risks in all trading portfolios in TDS through the identification, understanding and control of these risks.

Depth & Scope:

• Serves as a point-person and provides oversight in regards to market risk control for trading desks in the Region

• Assists in the identification of all key market risks and determine appropriate risk metrics to assess these risks

• Maintains thorough understanding of all key risk and risk-related issues through continual review of risk reports/related data and dialogue with relevant parties

• Establishes dialogue with TDS trading desks in regards to current positions, key risks, views and strategies

• Assists in the establishment of formal market risk policies and procedures and ensure ongoing suitability to business evolution

• Assists with local market risk regulatory issues

• Develops a thorough understanding of business strategies and key factors contributing to profitability

• Be involved in P&L attribution and periodic performance analysis with commentary linking the desks performance to specific trading strategies, positions, market conditions and underlying risks

• Facilitates the design of appropriate stress tests and scenarios that will highlight key market risks, in specific business lines and in the firm as a whole, under stress situations and provide ongoing commentary on stress results

• Provides periodic analysis and commentary of key market risks for senior management review

• Keeps abreast of new risk management techniques and industry literature

• Demonstrates governance, control and risk management behaviors in alignment with TD policies and practices

• Ensures that execution of the Market Risk Control function is line with documented procedures specific to this role or business

Education & Experience:

• 4 year degree in quantitative or financial field or equivalent experience

• 7 - 10 years related analytical experience

• Must be detail oriented and possess problem-solving skills

• Must be able to work independently with minimal supervision and establish priorities

• Proficient in interpersonal communication (both oral and written), and have the ability to communicate effectively with all levels of staff and management

Physical Requirements:

Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%

• Domestic Travel – Occasional

• International Travel – Never

• Performing sedentary work – Continuous

• Performing multiple tasks – Continuous

• Operating standard office equipment - Continuous

• Responding quickly to sounds – Occasional

• Sitting – Continuous

• Standing – Occasional

• Walking – Occasional

• Moving safely in confined spaces – Occasional

• Lifting/Carrying (under 25 lbs.) – Occasional

• Lifting/Carrying (over 25 lbs.) – Never

• Squatting – Occasional

• Bending – Occasional

• Kneeling – Never

• Crawling – Never

• Climbing – Never

• Reaching overhead – Never

• Reaching forward – Occasional

• Pushing – Never

• Pulling – Never

• Twisting – Never

• Concentrating for long periods of time – Continuous

• Applying common sense to deal with problems involving standardized situations – Continuous

• Reading, writing and comprehending instructions – Continuous

• Adding, subtracting, multiplying and dividing – Continuous

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes.

Who We Are

TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience. With more than 6,500 professionals operating out of 40 cities across the globe, we strive to make every interaction, product and experience remarkably human and refreshingly simple.  Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions. In 2023, we acquired Cowen Inc., offering our clients access to a premier U.S. equities business and highly-diverse equity research franchise, while growing our strong, diversified investment bank. 

Together, we are reimagining what banking can be for our clients, colleagues and communities. 

Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical and mental well-being goals. Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition. Learn more
 

Additional Information:
We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.

Colleague Development

If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. 

If you’re passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact.  

We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.
 

Training & Onboarding
We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Interview Process
We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation

TD Bank is an equal opportunity employer.  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, status as a protected veteran or any other characteristic protected under applicable federal, state, or local law.

If you are an applicant with a disability and need accommodations to complete the application process, please email TD Bank US Workplace Accommodations Program at USWAPTDO@td.com.  Include your full name, best way to reach you and the accommodation needed to assist you with the applicant process.